Indian Markets Surge to Record Highs on Exit Polls Predicting Modi Victory

Jun 3, 2024, 05:24 AM

Indian markets experienced a significant surge following exit polls predicting a landslide victory for Prime Minister Narendra Modi's ruling party, often referred to as Modi 3.0. Stock futures in India jumped, and Indian stocks hit record intraday highs and record highs. The positive sentiment extended to bonds and the rupee, which also saw gains. This market rally reflects investor confidence in Modi's continued leadership and its potential impact on the economy.